In the current economic climate, there is increasing number of people struggling to cope with managing their own personal finances. However, such people can find help in the form of numerous books in the reference section of bookshops and libraries that provide advice on how best to deal with issues about money. One problem is that it is extremely difficult to select the best and most useful books from such a wide selection. That is why this selection of the top five books on financial management should be helpful.

All of them have been written in an easy-to-understand style, with very little of the jargon that can make some books barely understandable. The books provide a good overview of the many aspects of personal finance that people have trouble with, such as savings, loans, credit cards, mortgages, investments and overdrafts.

The Millionaire Next Door, by Stanley and Danko
 A number of millionaires were interviewed for this book and it is apparent that many of them live below their means and are very good at budgeting. This may surprise some people, but just because someone has substantial wealth it does not mean to say that they will flaunt it. Indeed, many wealthy families allow their adult children to discover for themselves. If this means that they learn the hard way, then so be it. It has to be said that the book is a little dull in parts, but it covers both making and saving money and still makes an overall excellent and intriguing read.

The Total Money Makeover, by Dave Ramsey
Ramsey is totally against credit. By his mid-twenties, he had amassed a $4 million fortune but regrettably then lost it and was finally made bankrupt. If you are in the unfortunate position of being in financial difficulty, there is no better starting place than this book.

Complete Idiot`s Guide to Managing Your Money
Don`t be put off by the title. This book, which is simply written, reveals that anybody is capable of learning to manage his or her finances effectively. The book is full of tips for the consumer, advice about mortgages, car loans, bank charges, credit cards and many other money-related matters.

Your Money or Your Life: Transforming Your Relationship with Money & Achieving Financial Independence
Are you over-committed? In other words, does your monthly expenditure exceed your monthly income? Are you unhappy in your highly paid job but could not afford to leave it for a job that you would love because you would be earning a much lower monthly salary? Are you falling out with your spouse over money issues? It does not matter whether you are financially well off or deep in debt because this book could change your life. You won`t regret taking the time to read it.

The Unofficial Guide to Managing Your Personal Finances
This is a clearly stated, practical guide to managing your personal finances. It includes simple information about borrowing http://www.simplyfinance.co.uk saving money, investments, credit cards, school-fees planning, retirement planning, credit cards and banks.

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